Petro-Victory Energy completed the acquisition of the new oil and gas blocks for $60m.

Petro-Victory Energy, an oil and gas company that is engaged in the acquisition and development of crude oil and natural gas resources in Brazil, completed the acquisition of the new oil and gas blocks for $60m. “Petro-Victory’s success in the 3rd Permanent Offer Round is the culmination of six years of disciplined capital expenditure, focused work, and execution in Brazil. We now have one of the largest portfolios in Brazil’s most exciting onshore Basin, materially increasing our drilling inventory, reserves and future production for many years to come. We appreciate, value and honor the continued trust placed in us by our shareholders," Richard F Gonzalez, Petro-Victory CEO‎.